OUE H-Trust Q1 DPS dips to 1.26 cents

Singapore

OUE Hospitality Trust's distribution per stapled security (DPS) for the first quarter slipped to 1.26 Singapore cents, from 1.30 Singapore cents in the previous year.

That came as income available for distribution in the quarter slid 2.3 per cent from the previous year to S$22.9 million.

For the three months ended Mar 31, the trust saw gross revenue grow 1.9 per cent to S$32.68 million from the year-ago period, thanks to higher contribution from the hospitality segment which more than offset a weaker performance in the retail segment. The trust's asset portfolio includes Mandarin Orchard Singapore, Mandarin Gallery and Crowne Plaza Changi Airp…